Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6920. (Read 26711605 times)

There is actually more complaining about today's news than I expected.  Lot of the purists are reacting with "Not your keys not your coins" type sloganisms.  An Ethos I believed in from the beginning.  I had a Mt. Gox account... How many Bitcoin do they owe me?  ZERO.

But they are expecting a standard that is impossible for people with IQs south of 115 probably.  In other words the MAJORITY.  Steve Jobs changed the world because he knew his customers would never know how to use technical devices.  He made the Mac mouse have ONE button.  People scoffed.

Average folks (and even quite smart folks) need help with things.  With money, accounts, planning.  I mean most people don't buy a cruise ship to create their own floating self sovereign set of condos (Today I realized Elwar is probably going to buy so many ships... lol).

Anyway.  Terrible things will probably happen because of Paypal spoon feeding corn to the masses... Just like the Nigerian Price scams probably got sent to more email addresses that look like [email protected].  And PayPal themselves may screw over their customers.

Anyway... Little by little the world is coming to our little party.

It's gonna get messy.

Damnit we are going to go through yet another "The next Bitcoin" wave because of it!  *sigh*

It's so damn exciting!  How did we deserve to be HERE for this?

of course paypal will rip off granny because it would give her btc to blockfi/celsius while maintaining a database entry for her.
at, say, 3% a year, in 10 years paypal has 35% more btc, granny has the same amount in btc (in an unlikey scenario that there are no fees).
if granny puts $$ in paypal, paypal would not benefit as much since there is almost no interest in $$.
it's a bank,a bitcoin bank.

Reminds me of the Silk Road bust. Any excuse for a spark.

You said Paypal would be able to make a large profit off the Bitcoin granny stores and not the fiat.

"You can only buy bitcoin and have it at paypal, which would simply allow paypal to earn large % on it, which they can't with $$."

I demonstrated that granny would reap any capital gains profits from Bitcoin, not paypal, unless paypal commits outright fraud and theft.

What is to stop granny from hodling for years on Paypal.

By then she can likely directly withdraw it directly in BTC, or if not, she can convert her Bitcoins to a million each in fiat, then transfer the fiat to an exchange and buy Bitcoin that she can control the keys of.

If my MOAR you mean UP.  Thass not a sell on the news pullback. If we don't see that?  Heh.

measured in in which units?
I don't want to accumulate btc to have more $$ in a few mo.
By the same token, you could buy in the cashapp, then move it to blockfi...you would have gotten more btc and more $$ (if $$ is the point) in a few month.
I see a benefit for those who have a large volume on paypal, maybe.

BTW, planB is also sharply negative:
https://twitter.com/100trillionUSD/status/1318908402064625664

Yes.  This is by far the most disappointing part of the thing to me.  Overall I see this as mega bullish... but fucking BCash

You haven't had any fun in seven months and you know it.

You have been living in perpetual terror of a death by sniffles that never came.

 Come out from under the bed and life wont seem so gloomy. Only a shorter cries and whines after King Bitcoin makes a big move up.  

.. it's always fun watching the muppets like you dance around on corpro-guvvy strings ... you make it too easy 

Belgium

Looks like somebody got caught short once again.   Hard for some people to think clearly after hiding under a bed for 7 months scared of and preaching doom and gloom that never came.

I could go on and on, but I'd just be kicking someone while they are down and beaten. So cheer up buddy, life's not that bad, you never died from the sniffles, and Paypal is part of the path to Global Reserve status.

It is prefect for 20 a month hodl plans.

Go back to 2010 put away 20usd a month in btc let me know what you have now.

gif foto maken

... paypal is just a lot of hype, bitcoin was primed to go up anyway, the fact it didn't crash on the Bitmex fed-controlled demolition was the big clue that it is just time.

... let's run some real numbers for the mini-minds fogged with snake-bite poison ...

Paysmell usersbase 300 million? say 10-20% of those at best are grammas just itching in their panties to get hands on some paypal trading tokens, so at best maybe 60million dufus who will get sucked into this scam ... on average they'll maybe throw $1-200 at it, best case 60mill sheeple get $200 (totally hopium numbers) ... that's about $12 billion coming into bitcoin ... meh, w/e

Federal Reserve printing ~$10-15 trillion to stop rich folks feeling poorer from the plague

 ... poor sheeple got no money, that's why they call them poor.

... bitcoin adoption is about MONEY adopting bitcoin, not poor people ... sorry if that upsets your socialistic sensibilities but that's the reality on the ground, I wish poor people would wise up and buy bitcoins for real, they always choose the corporate-guvvy shackles though

Paypal CEO was talking about luvving bitcoin in 2013 ffs!, 7 years later they come up with this shit sandwich e-tokens card-collecting game (how is it not a fraud anyway?), I mean it's a total joke and you're fucked in the head from huffing hopium if you think this means anything in the big scheme of things.

If granny buys Bitcoin on paypal, lets it sit for a while, then sells at a profit and withdraws the fiat is not granny earning the % profit on it and not paypal? Assuming Paypal doesnt commit brazen fraud I would think this is the case.

I would think market forces will eventually force Paypal and Robinhood and others to allow direct Crypto withdrawals. We have led the horses to water, now we sit back and let them drink. The ones who drink the most will win the race.

And yet people are going to scramble to get BTC exposure the easiest way they can find when it gets close to ATH next month, and the year following.   An excellent move for paypal that will bring in nice fat fees and further increase their exposure and user base.  This will be huge, and lead to phase 2, certainly.

My neg opinion is not about "purity", but about functionality.
If they change functionality to "almost there", then I would be largely OK with it (for grannies, lol).
Right now, you can withdraw $$ from paypal to your bank account. People generally don't keep cash at paypal.
You can only buy bitcoin and have it at paypal, which would simply allow paypal to earn large % on it, which they can't with $$.
Honestly, without ANY transactional possibility at paypal, it is a dud, but i think that transactional possibility would be there is step 2.